CAMBRIDGE, MA-It was a dark and stormy start to 2008 for the city’s office market, but a lease of more than 21,000 sf at 1030 Massachusetts Ave. is providing a bit of sunshine as the second quarter commences. Architectural firm KingStubbins has opted to renew and expand at the four-story, 65,000-sf building, which is owned by Paradigm Properties.

“It’s a nice deal for the building,” Paradigm principal John Caldwell tells “They are a great tenant who has been there for a long time, and we are ecstatic that they are staying.” Caldwell represented Paradigm in-house negotiating the five-year agreement.

Although it was in the red for absorption by 4,000 sf, the mid-Cambridge submarket of 3.3 million sf actually outperformed the East Cambridge and Alewife districts, according to the first quarter officeSTATus report issued yesterday by Richards Barry Joyce & Partners. The core East Cambridge submarket of 7.9 million sf posted negative absorption of 58,000 sf and Alewife had a deficit of 11,000 sf, RBJ estimates. Those outcomes led to negative 73,000 sf overall, marking the first time since 2005 that Cambridge has registered negative absorption for a quarter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.